Many progressives argue rights to property are arbitrary constructs of an elite and conservative legal system; that there is nothing “natural” or legitimate about them; and that, therefore, they have no special moral status.

The Ludwig von Mises Memorial Lecture sponsored by Dr. Don Printz, presented at the Austrian Economics Research Conference. Recorded 22 March 2013 at the Ludwig von Mises Institute. Includes an introduction by Joseph T. Salerno.

Antitrust keeps superior products and marketing strategies from harming rivals, but halting such innovation harms consumers. It inhibits superior firms from passing on their efficiencies to consumers in lower prices.